Commercial Property in Wiveliscombe available for sale
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Commercial Property for Sale near Wiveliscombe, Taunton

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More details for 2 The Square, Wiveliscombe - Retail for Sale

The Courthouse - 2 The Square

Wiveliscombe, TA4 2JT

  • Retail for Sale
  • £550,000
  • 2,300 sq ft
  • Security System
  • Wheelchair Accessible
  • Smoke Detector

Wiveliscombe Retail for Sale

LOCATION<br/>In the very centre of the popular Somerset town of Wiveliscombe, situated 9 miles west of Taunton. The town has a population of 3,000 inhabitants and serves a vibrant rural hinterland. This property is opposite the town library and adjoining our Webbers Estate Agency Offices.<br/><br/>THE PROPERTY<br/>The Courthouse is an iconic Tudor-style building built in 1881 and this date is carved into one of the wooden panels alongside mythical animals and stylised fruit that decorate the red-tiled facade. <br/>The Courthouse was built as a family home for the affluent brewer William Hancock II, his wife Mary and their 10 sons and one daughter.<br/>In the 20C the building had many diverse uses including a British Restaurant during WW2; a branch of The National Provincial Bank (the vault is still in situ);The Town Library; Headquarters of the Devon Cattle Breeders Society and even a dental surgery on the top floor!<br/>Until recently it has been a much-loved and very successful interiors store together with a licensed restaurant and events space in the magnificent galleried atrium.<br/>With long double-fronted retail shop windows ideal for exhibiting items, approached from a recessed porch and inner lobby and the inner retail room is surrounded by an open heavy timber stairwell that transcends all three floors.<br/>This central well-illuminated area is ideal for display purposes and the surrounding "Minstrel Galleried" landings would be excellent for hanging paintings. <br/>The first floor is also used for retail and has five rooms in all, offering 929 sq ft, and the top floor has another five rooms used for stock storage, adding a further 833 sq ft, plus access via an inner lobby with roof steps to a large attic of about 49 ft in width to the front part by 14'5" depth with three dormer windows to the front. In the basement is a useful strong room of about 33 sq ft.<br/><br/>THE PROPOSAL<br/>For sale as a vacant building offering great potential for future businesses. Used in the past as a restaurant/coffee shop and now as a retail outlet selling rugs and antiques, the property can be used for a variety of retail uses or possibly as an art gallery or again catering subject to planning permission.<br/>The current owners do not live on site but the upper floors may easily be converted back to residential use subject to any planning permission and listed building consent. <br/><br/>SERVICES<br/>Mains electricity, water and drainage. We encourage you to check before viewing a property the potential broadband speeds and mobile signal coverage. You can do so by visiting <br/>VAT<br/>We understand that our client has not opted to charge VAT. All interested parties should make their own enquiries of HMRC.<br/><br/>VIEWING<br/>Strictly by appointment through the selling agents.<br/><br/>RATEABLE VALUE <br/>£17,500 UBR. As of April 2026, the Uniform Business Rate (UBR) multipliers are 43.2p in the pound for properties with a Rateable Value below £51,000 and 48.0p for properties at £51,000 or above. <br/>The Rateable Value has been obtained from the Valuation Office Agency at the time these details were prepared. Prospective occupiers should verify the current Rateable Value and multiplier with the Valuation Office Agency or via the GOV.UK website. <br/><br/>LEGAL ADVICE <br/>We strongly recommend that a buyer takes independent legal advice and instructs solicitors to act on their behalf. Each party bears their own legal costs unless otherwise stated.<br/><br/>PLANNING <br/>It is the responsibility of the proposed buyer to satisfy for themselves independently that their intended use complies with existing planning permission by contacting the local council planning department. The cost of any change of planning use is the buyers responsibility.<br/>Right next door to Webbers Estate agents in the heart of Wiviliscombe.

Contact:

Webbers

Property Subtype:

Department Store

Date on Market:

09/03/2026
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Commercial Properties for Sale Within 5 miles of the Wiveliscombe, Taunton

LoopNet UK Somerset Taunton Commercial Properties For Sale in Wiveliscombe, Taunton, UK

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FAQs about Commercial Properties For Sale in Wiveliscombe

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How many Commercial Property listings are available for sale in Wiveliscombe?
There are currently 1 Commercial Properties available for sale near Wiveliscombe. These Wiveliscombe Commercial Property listings have an average size of 2,300 sq ft. The largest available listing in Wiveliscombe is 2,300 sq ft. The thriving commercial centre and excellent transport links in Wiveliscombe make it an ideal location for businesses to find suitable Commercial Property for sale.
What factors could affect the prices of Commercial Properties in Wiveliscombe?
Several factors can impact the price of Commercial Properties, including the size and location of the property, its net initial yield, and the amenities it offers. Prices in Wiveliscombe currently range from £177 to £177 per square foot. While the average net initial yield for Commercial Properties is.
What other types of commercial property are available for sale in Wiveliscombe?
There is a diverse range of commercial properties available in Wiveliscombe to suit various business needs. Wiveliscombe offers office buildings, retail units and shops, and industrial units & warehouses, catering to a variety of sectors and industries. With a total of 1 Wiveliscombe commercial property listings in the area, potential owners can find suitable options that meet their requirements.
What are the advantages of investing in commercial property in the UK?
Commercial property investment can provide long-term income through leases, capital appreciation, and portfolio diversification. Compared to residential property, commercial leases are often longer and place more responsibility on tenants for repairs and maintenance.
What is a net initial yield and why is it important?
Net initial yield is the annual rental income expressed as a percentage of the purchase price (after acquisition costs). It’s a key measure used by investors to compare return on investment across different commercial properties.
Do I need a commercial mortgage to invest?
Many investors use commercial mortgages to finance purchases. Lenders typically require a larger deposit than for residential property (often 25–40%) and will assess the property’s rental income and condition as part of the loan application.
What should I look for when doing due diligence?
Due diligence includes reviewing lease terms, tenant strength, service charges, planning permissions, condition reports, and title deeds. A commercial solicitor and surveyor are strongly recommended before purchase.
What are the risks of investing in commercial property?
Risks include void periods (no rental income), tenant default, maintenance liabilities, and changes in market conditions or planning regulations. Mitigating these requires proper property management and lease structuring.
Can overseas investors buy commercial property in the UK?
Yes, the UK market is open to international investors. However, you may need a UK-based legal representative and must comply with HMRC tax obligations, including stamp duty and possible capital gains tax on disposal.

Discover More Commercial Properties for Sale in the Wiveliscombe, Taunton

Market Overview for Commercial Properties in Wiveliscombe

Key information for Commercial Properties investors in Wiveliscombe and comparable markets. This summary brings together pricing and building size data to provide a clear view of market conditions and potential investment opportunities.

City Avg Price Per Sq Ft Avg Size Available
Waterrow £79 4,200 sq ft
Luxborough £59 6,254 sq ft
Bishops Lydeard £56 3,634 sq ft
Burrington £66 3,897 sq ft
Williton £59 20,600 sq ft

Rental Price Trends in Wiveliscombe

The price per square foot range for Commercial Properties in Wiveliscombe and nearby cities. These metrics help establish valuation benchmarks and highlight possible value opportunities in the market.

City Min £ Sq Ft Avg £ Sq Ft Max £ Sq Ft
Waterrow £79 £79 £79
Luxborough £59 £59 £59
Bishops Lydeard £56 £56 £56
Burrington £66 £66 £66
Williton £59 £59 £59

Available Building Sizes

A summary of the current sizes of Commercial Property for sale in the Wiveliscombe area. Refine your search based on space requirements and investment level.

City Smallest Property Avg. Sq Ft Largest Property
Waterrow 4,200 sq ft 4,200 sq ft 4,200 sq ft
Luxborough 6,254 sq ft 6,254 sq ft 6,254 sq ft
Bishops Lydeard 3,634 sq ft 3,634 sq ft 3,634 sq ft
Burrington 3,897 sq ft 3,897 sq ft 3,897 sq ft
Williton 20,600 sq ft 20,600 sq ft 20,600 sq ft

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